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INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES:        
Premiums earned $ 67,335 $ 119,038 $ 195,524 $ 361,595
Net investment income 4,004 3,920 12,700 13,830
Fee income 4,050 2,201 12,541 9,195
Other income 2,261 5,790 8,898 8,349
Gain on sale of subsidiary to joint venture   10,161   10,161
Net realized investment gains 2,367 (1,109) 3,945 2,991
Other-than-temporary impairment losses:        
Total other-than-temporary impairment losses (1,475) (228) (1,475) (228)
Net impairment losses recognized in earnings (1,475) (228) (1,475) (228)
TOTAL REVENUES 78,542 139,773 232,133 405,893
EXPENSES:        
Insurance benefits, claims and reserves 38,277 74,218 109,497 233,218
Selling, general and administrative expenses 32,823 43,202 97,947 133,640
Interest expense on debt 440 444 1,366 1,354
TOTAL EXPENSES 71,540 117,864 208,810 368,212
Income (loss) from continuing operations before income taxes 7,002 21,909 23,323 37,681
Income taxes (benefits) 2,636 7,750 8,566 13,599
Income from continuing operations 4,366 14,159 14,757 24,082
Discontinued operations: (Note 3)        
Income (loss) from discontinued operations, before income taxes   1,305 117,636 2,254
Income taxes (benefits) on discontinued operations   576 7,724 961
Income (loss) from discontinued operations 0 729 109,912 1,293
Net income (loss) 4,366 14,888 124,669 25,375
(Income) loss from noncontrolling interests in subsidiaries (43) (128) (9,900) (364)
NET INCOME (LOSS) ATTRIBUTABLE TO IHC $ 4,323 $ 14,760 $ 114,769 $ 25,011
Basic income per common share: (Note 2)        
Basic income (loss) per common share from continuing operations $ 0.25 $ 0.81 $ 0.84 $ 1.37
Basic income (loss) per common share from discontinued operations 0.00 0.04 5.84 0.07
Basic income (loss) per common share $ 0.25 $ 0.85 $ 6.68 $ 1.44
WEIGHTED AVERAGE SHARES OUTSTANDING 17,120 17,292 17,189 17,331
Diluted income per common share: (Note 2)        
Diluted income (loss) per common share from continuing operations $ 0.25 $ 0.81 $ 0.83 $ 1.36
Diluted income (loss) per common share from discontinued operations 0.00 0.04 5.77 0.07
Diluted income (loss) per common share $ 0.25 $ 0.85 $ 6.60 $ 1.43
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING 17,340 17,457 17,402 17,496